City of Oakland Unanimously Passes Resolution Backing Community Reinvestment Act

For the first time in 40 years, the federal government could weaken a little-known but important law encouraging bank lending, services and investments in underserved communities: the Community Reinvestment Act. Advocates like The Greenlining Institute do not expect changes proposed…
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Warning of the 2008 Financial Crisis – and Stopping a New Wave of Predatory Lending

It’s considered rude to say, “I told you so,” but as far as the 2008 financial crisis goes, we did. Now a new wave of financial deregulation could set up a rerun of the predatory lending boom that devastated communities…
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Flagstar Commits $600 Million Over 5 Years to Community Investment; Acquires 8 Desert Community Bank Branches in San Bernardino County

BANK COMMITS TO COMMUNITY DEVELOPMENT AND SERVICES FOR LOW-INCOME FAMILIES Contacts: Nehama Rogozen, California Reinvestment Coalition, 216-973-2524, nrogozen@calreinvest.org Vedika Ahuja, The Greenlining Institute, 510-926-4012, vedikaa@greenlining.org SAN BERNARDINO, CALIFORNIA – Michigan-based Flagstar Bank is acquiring Desert Community Bank in California, establishing…
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Consumers May Get a Dose of Bad Medicine Named Mick Mulvaney

With the recent news that Richard Cordray, President Obama’s holdover appointee director of the Consumer Financial Protection Bureau, is stepping down, consumer advocates nationwide are preparing for another disaster-of-the-week. To follow up on #45’s perfectly awful pairings of cabinet secretaries…
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